Catching the next property wave
Wednesday, October 5th 2011, 12:49PM
This analogy could easily get misinterpreted, but I will try it anyway. Reading all the latest news on Landlords.co.nz (and with summer coming on) gives me that feeling you get before you catch a wave body surfing.
There is a feeling of excitement and trepidation that it will be a great ride.
Today Barfoot and Thompson put out its latest stats on the Auckland market and the news is that house prices in New Zealand's biggest city have hit a six month high.
Then we have some research from JP Morgan saying that house prices are just five percent below their November 2007 peak.
Earlier this week Auckland Property Investors Federation president David Whitburn launched his new book on property investing.
It's called Invest & Prosper with Property. The name says it all.
More importantly though it's been a long time since we had a comprehensive guide telling people how to invest in property.
That earlier title came out when the previous cycle started.
Maybe this one is a marker for for the start of the next property wave?
We talked to David Whitburn about the book and will run a couple of videos over the next week. The first one is a little shorty where David talks about his favourite chapters in the book and why he loves property investing.
You can watch it here.
All this news does make one feel like we are anticipating catching the next wave.
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